Top Tips For Financial Security

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MomeWw Top Tips For Financial Security (NAPSA)—If you're like many Americans, youd like to spend less and save more. According to a Nielsen sur- vey, that was the third most popular New Year’s resolution. Fortunately, it may be simpler thanyourealize. Purchasing life insurance is a way to help you and your loved ones feel more secure. According to a study by LIMRA,a financialservices research firm,80 percent of Americans say life insurance is something most people need for their family’s financial safety—yet only 44 percent own an individually purchased policy. While the idea can seem daunting, getting life insurance can be as simple as asking yourself a few questions to becomefamiliar with your options, and reaching out to an insurance agent to For many, getting their finances in order starts with purchasing a life insurancepolicy. learn more. What You Can Do Here are five steps to take when thinking about purchasinglife insurance: need. You can start planning by using Bankrate’s life insurance calculator at www.bankrate.com/calculators/retire someone depend on you financially? Are you lacking the funds to cover your of life insurance: There are three major types of life insurance coverage: term, whole and universal. All types pay a death benefit but each type can vary in termsof coverage length, premium flexibility and otherfactors. 1. Determine your need: Does final expenses?If yes, considerlife insur- ance. A beneficiary can use the money to replace incomeor payoff debts. 2. Familiarize yourself with the benefits: Many people don’trealize that for the beneficiary, life insurance is not subject to federal income taxes in most instances. ‘This is one of the many benefits that comes along with this product. 3. Decide how muchlife insurance you need: How muchcoverage would yourfamily needif something happened to you today? What debts would need to be paid off? There are many questions you can ask yourself to help you determinetheright type oflife insurance you ment/retirement-calculator.aspx. 4. Understand the different types 5. Consider seeking profession- al guidance: Options are available for nearly any income and assetlevel, age andrisk tolerance. An insuranceprofessional can help you evaluate yourlife insurance options and costs based on your unique circumstances. Learn More For further information about your life insurance optionsandto find a nearby insurance agent, visit www.Bankers Life.com.